Sectors In Review: February 2020

Sector ETFs, except for industrials, had a largely positive month in December. The group was led by the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), up an impressive 17.24%; the iShares U.S. Oil Equipment & Services ETF (IEZ), up 16.12%; and the SPDR S&P Semiconductor ETF (XSD), up 8.51%. The worst performers included the Invesco Dynamic Building & Construction ETF (PKB), down 2.81%; the Invesco Aerospace & Defense ETF (PPA), down 1.29%; and the SPDR S&P Homebuilders ETF (XHB), down 0.48%. Flows were a different matter, with the entire category seeing outflows of $3.5 billion. The Financial Select Sector SPDR Fund (XLF) led the hemorrhaging, with a loss of $2.6 billion. It was followed by the Industrial Select Sector SPDR Fund (XLI), which lost $607.9 million, and the Technology Select Sector SPDR Fund (XLK), which lost $546.9 million. Meanwhile, the Energy Select Sector SPDR Fund (XLE) had the most inflows, gaining $535.9 million. The Health Care Select Sector SPDR Fund (XLV) gained $412.1 million, and XOP pulled in $301.1 million.

Sources: Bloomberg and FactSet. Data from 11/30/2019 to 12/31/2019. ETFs chosen to represent each sector based on the most liquid ETF in each segment of the ETF.com ETF Classification System.